Blockchain strategies  195

• Deliver a cost-effective and successful strategy

• Reduce the risk of derailment of strategic programmes risking the fail-

ure of the strategy

• Reprioritise the strategic objective and outcome on time without

impacting the whole strategy execution

• Deliver the strategy within allocated budget

• Deliver the strategy on time making the organisation gaining competi-

tive advantages over competitors

• Achieving organisation vision and mission

• Insights on why certain objectives are not being delivered as per the

set milestones or goals

• Take corrective measures on time to set new goals or reprioritise exist-

ing goals

Assess the Blockchain strategy

Use of the strategic model to assess

the blockchain business value

This chapter has provided us enough knowledge and tools to evaluate and

assess the strategy of an organisation. Now is the good time to apply all

knowledge and models to assess the blockchain strategy.

The following are the steps to assess the blockchain strategy:

• Delivery of the programmes underpinning strategic objectives: The

main objective of any strategy is the accomplishment of the strategic

objectives successfully. In order to evaluate it, the success of the pro-

grammes underpinning the strategic objectives need to be evaluated

and an assessment needs to be done on the % of the programme out-

comes achieved. For instance, in the case of the blockchain strategy,

the main questions should be

⚬

⚬Has the blockchain platform or a product been developed or

adopted by the business department within an organisation?

⚬

⚬Has % of transformation completion been aligned to strategic

objectives?

• Contribution to Strategic objectives: As part of strategy execution,

there are multiple local and global programmes that were created

to support the achievement of outcomes. The blockchain strategy

assessment need to articulate how much contribution was achieved

as part of those programmes.

• Contribution to vision and mission: The main reason for a new strat-

egy execution is to create a competitive advantage for an organisation.

The strategy also needs to be in alignment with vision and mission of

an organisation. Assessment is essential to evaluate what contribution

was attained to support vision and mission.

• Quantitative benefits: What are the quantitative benefits achieved

through the blockchain strategy execution? This question is de facto